The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.
The Shanghai government has invested over $5 million in Conflux while putting the project on a list of 57 companies that focus on emerging technologies.
Shanghai will open a blockchain research center by the end of December with substantial investment, even as China’s government continues to crack down on crypto-related businesses.
Shanghai Stock Exchange sees potential for DLT in the securities market, but says the lack of a regulatory framework is a hurdle to be addressed.
China-based exchange BTCC has announced it will be closing its doors to domestic trading, while Shanghai media indicates a broader crackdown.
A second conference on blockchain-based fundraising has been cancelled following news that regulators in China have formally outlawed the use case.
A group of insurance companies has completed a new blockchain trial in China aiming to utilize the security and traceability features of the tech.
The venture arm of major Chinese conglomerate Wanxiang Group has launched a new blockchain startup accelerator
A central divide in the blockchain industry is being mirrored in the startup cultures of two major cities.
A new group focused on promoting blockchain tech within the city of Shanghai’s business and technology sectors has been established.